“We need these investors and we need to stop treating them as pariahs - they won't come and then we will have problems.”The term ‘vulture fund’ has become a derogatory term used by “people who don't really understand the property market”, Shane Coleman has said.
Landlords with more than 100 properties account for 11% of Ireland’s rental market – with that figure surging to 22% in Dublin. “It's a catch-all term that people who don't really understand the property market, kind of, use to dismiss the need for private investment.”Shane noted that the most important thing for Ireland in the coming years is to build around 50,000 homes per annum to ensure we have enough housing for our growing population.
He also pointed out that some of the funds that now own large swathes of Ireland’s property market, “swooped in, in the middle of a crisis” to buy it.shows private tenancies registered with the RTB have increased for every quarter in the new series, rising from 213,177 at the end of Q2 2023 to 230,006 at the end of Q1 2024.“If they haven't come in in the last ten years, nothing would have been built,” he said.